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U.S. soybean crushers have booked more than 60 days of beans, well above their usual 30 to 40 days, as export demand and prices rise. Traders expect a spring and summer battle between exporters and processors for supplies.
Heavy forward buying by crushers tightens available beans and could push prices higher and even prompt rare U.S. soybean imports, which raises soymeal costs for feed buyers.
feedandgrain.comJan 28, 2021After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
